Mortgage and Financial News From 2007-10-11 Page 9

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  • Mortgage Help

    WPSD TV - Administration officials did announce a new alliance of mortgage companies and nonprofit counseling groups. The goal is to help struggling homeowners switch out of subprime loans. Preventing more foreclosures, officials said, is in everyone's interest. ...
    2007-10-11 11:31:00

  • Housing foreclosures down from peak

    Reuters - Curbing foreclosures has become a priority of many mortgage companies, which under guidance of the U.S. Treasury on Wednesday formed a coalition to help hard-pressed homeowners. Mortgage servicers are being pushed to alter existing loans where ...
    2007-10-11 12:00:00

  • Countrywide CEO probe sought; Beazer restates results

    USA Today - It has overhauled its lending practices to focus on smaller, safer loans that mortgage companies Fannie Mae (FNM) and Freddie Mac (FRE) will buy. Beazer will restate results Beazer Homes USA (BZH) , which faces federal investigations of its business ...
    2007-10-11 09:01:00

  • Countrywide cuts nearly 5,000 jobs as lendings slide

    Reuters - It has overhauled its lending practices to focus on smaller, safer loans that mortgage companies Fannie Mae (FNM.N: Quote , Profile , Research ) and Freddie Mac (FRE.N: Quote , Profile , Research ) will buy. The company's struggles come amid criticism ...
    2007-10-11 10:34:00

  • ATM, Comstock mortgage companies merge

    Sacramento Business Journal - Genworth lures Liberty Reverse Mortgage with $50 million [Sacramento] All-stock mortgage merger creates a 'powerhouse operation' [Sacramento] EquiPoint changes scenery [Sacramento] ATM Mortgage Corp. merged into Sacramento's Comstock Mortgage , which ...
    2007-10-11 12:43:00

  • Democrats united on Fannie, Freddie caps

    CNN Money - WASHINGTON (AP) -- Congressional Democrats have reached a compromise on allowing two government-sponsored mortgage companies to increase their debt holdings in an effort to help financially struggling homeowners. House and Senate lawmakers said ...
    2007-10-11 02:23:00

  • Readers pin the blame for mortgage mess (MSNBC)

    After a story about a San Diego woman who lost her home in a mortgage foreclosure, we asked readers to share their thoughts on who should shoulder the blame for this and tens of thousands of similar events. More than a thousand responded. Here are excerpts from their comments.
    2007-10-11 02:35:26

  • Democrats united on Fannie, Freddie caps (CNN Money)

    The move would allow the government-sponsored mortgage companies to increase debt holdings for six months.
    2007-10-11 01:07:23

  • Impac Mortgage Holdings COO Sells Shares (AP via Yahoo! Finance)

    The chief operations officer of Impac Mortgage Holdings Inc., which buys mortgages and pools them into loan-backed bonds, sold 10,700 shares of stock, according to a Securities and Exchange Commission filing.
    2007-10-11 12:18:27

  • Mortgagebrokers.com Adds 24 Additional Mortgage Origination Professionals To Its Expanding National Sales Network (CNW Group via Yahoo! Finance)

    MortgageBrokers.com Financial Group of Companies Inc., a subsidiary of MortgageBrokers.com Holdings Inc. , announced that it has signed agreements with an additional 24 mortgage and loan professionals, representing the potential of over $550 million in supplemental mortgage originations.
    2007-10-11 05:00:00

  • ATM, Comstock mortgage companies merge (BizJournals)

    ATM Mortgage Corp. merged into Sacramento's Comstock Mortgage, which itself grew by a merger in May with Sacramento 1st Mortgage.
    2007-10-11 01:22:10

  • Cost of fixed rate mortgages falls

    Birmingham Post - But mortgage broker John Charcol warned that the fall in the interest rates charged on fixed rate loans was unlikely to last. It said two-year swap rates jumped by 0.1% on Wednesday to 5.93% following a speech by Bank of England Governor Mervyn King ...
    2007-10-11 09:51:00

  • Wednesday, October 10

    News.com.au - Aussie offers personal loans JOHN Symond's move into car and personal loans is likely to shake up those markets as much as the mortgage broker's entry into the credit card scene.
    2007-10-11 07:57:00

  • Judge Halts Higher Pa. Mortgage Bills

    Forbes - A judge has temporarily blocked higher mortgage bills facing more than 800 homeowners following last month's bankruptcy filing by a Berks County mortgage broker and its five subsidiaries. Berks County Judge Jeffrey K. Sprecher issued a temporary ...
    2007-10-11 06:59:00

  • Judge halts higher Pa. mortgage bills stemming from bankruptcy (WHP CBS 21 Harrisburg)

    A judge is temporarily blocking higher mortgage bills facing more than 800 homeowners.
    2007-10-11 05:35:50

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